In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.
Financial crises are an unfortunate but necessary consequence of modern capitalism.
Fiscal crises often turn into financial crises, dealing a blow to the real economy.
Managing and navigating through a financial crisis is no fun at all.
What we know about the global financial crisis is that we don't know very much.
The U.S., France, Germany and Canada have all responded to the financial crisis by boosting rather than cutting their science funding. The U.K. has not.
I was a professor at Princeton University. And, in that capacity, I studied for many years the role of financial crisis in the economy.
The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes.
Financial freedom is available to those who learn about it and work for it.
I would fight every month. Think about the finances I would have. That would be financial freedom.
Pursuing your passion is fulfilling and leads to financial freedom.
Our financial markets work best when they are competitive, fair, and transparent.
Our economy is increasingly dependent on the success and integrity of the financial markets.
The middle and working classes are paying the debt that the financial markets created.
Developments in financial markets can have broad economic effects felt by many outside the markets.
Well, the U.S., of course, is the world's largest economy. It's about a quarter of the world's output. It's also home to many of the largest financial institutions and financial markets.
There is clear empirical evidence that the response of EME financial markets to different shocks, including changes in U.S. interest rates, depends importantly on the state of economic fundamentals in the EMEs themselves.
I merely consider myself a father, and one role of a father is to provide financial resources for his family.
The world does not lack the financial resources to feed, educate and clothe its inhabitants. Rather, it lacks leaders committed to addressing the problems of the impoverished.
Using political power, the elite can induce local authorities to facilitate enclosure and privatisation of land, water, and other hitherto public amenities. And they can pressurise public administrations to cut taxes, reducing financial resources for maintaining the remaining commons.